Residential Income In Los Angeles

Check out this 1951 mid-century corner Triplex in re-imagined Lemeirt Park area of Los Angeles! In 2017 & 2019, Designer updated the two 2-bedroom + 1 bath units by adding a bright & modern canvas, including laminate/hardwood floors, as well as one of the two-bedroom units having LG combo washer/dryer unit. The front cottage-like 1-bedroom unit has updated plumbing fixtures & hardwood floors. In July 2024, repiped mainline pipes were installed. Triplex is adjacent to L. A.’s landmark ”Presidential Row” boulevards of Leimert Park. So centrally located, on corner of the highly trafficked but historic Martin Luther King Jr Blvd, you can forget freeway travel, for unit is straight way by surface streets to downtown, LAX, Culver City, Beverly Hills or Santa Monica. Added amenities include: boutique setting of only 3 units; come in & out through 2-unit’s have their own front and rear doors; triplex ensconced in mature palm trees & cacti w/drip system; newer stainless steel stove, hood & refrigerator in 2-bedroom units; 3 garages configured w/a 2-car shared parking & storage bin & a 1 one-car private garage w/storage bin; 2-bedroom units have: mixture of newer tile floors in kitchen & bath; newer granite counters in kitchen; smart recess lighting in kitchen & center hall; newer modern bedroom ceiling fans; & all units have newer hot water heaters. The property has exterior laundry & storage rooms. Audubon Middle Schools’ sports field is across the street. Stroll through nearby Lemeirt Park Plaza, referred to by some as a center of a contemporary art scene in Los Angeles and likened to a west coast ”Greenwich Village” w/popular art galleries, blues and jazz clubs, theaters for musicals, dramatic performances, comedy specials, poetry readings, & the historic Vision Theater. Buyers are advised: 1) photos/videos were taken prior to tenants occupancy; 2) verify all square footages mentioned in listing. Total Operating Expense does not include R. E. property tax expense after purchase. Units are now all Tenant occupied. Seller may consider a carry back. Seller may be doing a 1031 tax exchange. Please do not disturb Tenants. Feel free to drive by 1st to view: 1) exterior; 2) neighborhood; pictures; floor plan; & virtual tour, & 3) confirm w/permit agencies square footages & bedroom/bathroom counts. If interested, submit offer, subject to interior view of tenant units, w/POF, paystubs, statements, evidence of FICO score, loan approval evidence, etc for Seller approval. Broker is part Owner/Trustee of subject property.